Kalemli-Ozcan, Sebnem; Sorensen, Bent E.; Volosovych, Vadym - National Bureau of Economic Research (NBER) - 2010
very large firm-level dataset from EU countries over time, we construct a measure of "deep" financial integration at the …We investigate the relationship between financial integration and output volatility at micro and macro levels. Using a … transposition dates of EU-wide legislation, we find that high trust regions in countries who harmonized capital markets sooner have …